Indicators argue for a technical correction after the last powerful bullish movement recorded in past sessions.

The fundamentals remain very fragile. The security seems highly overvalued compared to other securities in its sector. Indeed, EV/sales ratio is estimated at 1.52x for the current year and PER is established at 18.6x. Furthermore, EPS estimates are regularly revised downward by Thomson Reuters' analysts.

From a technical viewpoint, the proximity of the USD 29.3 medium-term resistance limits the upside potential on the stock. The uptrend in the short term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators also show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.

Therefore, the most offensive investors can benefit from the technical configuration to take a short position. The objective will be fixed near to the USD 27 support. Only the breakdown of this level would open up new bearish targets toward USD 25.8. The stop loss will be set above USD
29.3.